The amount of bitcoin that was held on the central stock exchanges decreased to the lowest level in six years, with assets rising to the highest new level ever.
Bitcoin achieved the highest new level ever on Sunday morning, reaching a little more than $ 12,700 on Coinbase, According to To TradingView.
Its peak reached $ 124,500 on Coinbase on August 14. Bitcoin (BTC) was 13.5 % by September 1, but it has been strongly recovered with the start of “Uptober”.
“Bitcoin strikes the highest new level ever … Most people still do not even know what Bitcoin is,” Stuck The new head of the gods Nate Girassi.
“If Bitcoin is able to break 126,500 dollars convincingly, the opportunities will be much higher and quickly,” He said Rikt Capital analyst on Saturday, before the last peak prices.
The exchange balances declined to the lowest level in six years
The total bitcoin balance on the central stock exchanges fell to the lowest level in six years of 2.83 million BTC on Saturday, According to To Glassnode.
The last time there were fewer metal currencies stored in the stock exchanges in early June 2019, when the original was trading about $ 8,000 in the depths of the bear market.
Cryptoquant contains Blockchain analysis platform appearance From 2.45 million BTC, which puts it at the lowest level of seven years.
Both platforms show that the BTC exchange balance has decreased sharply over the past two weeks. More than 114,000 BTC worth more than $ 14 billion has left the exchanges in the past two weeks, according to Glassnode.
When Bitcoin moves on central exchanges to a need for self -friction, institutional funds, or digital assets, it indicates that their owners are planning to keep their currencies in the long run instead of selling them. Bitcoin, who sits on the stock exchanges, is a “available supply” that can be filtered and hit the market at any moment.
Dry exchanges
Hearing an exchange outside Bitcoin, ” He said The head of the digital asset research in Vanc, Matthew Sigil, on Saturday.
He said before adding: “Monday 9:30 am it may be the first official deficiency,” adding, “not only financial advice … only: it may be logical to get some.”
Investor and merchant Mike Alfred He said On Sunday morning, “I just got out of a 20 -minute call with the man who runs the most important OTC office.”
“At the current pace, they will be completely out of bitcoin for sale within two hours of futures tomorrow, unless the price is reaching $ 126,000 to $ 129,000. Things are going.”
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